5 Key Takeaways | 2024 Emerging Trends: Delaware Unclaimed Property VDA and Multistate Audits
Do Gift Cards Keep on Giving How the Law Affects the Consumer, the Retailer and the State
A terminated employee moves and doesn’t tell you and the check for the small benefit forced out of your retirement plan gets returned. A participant requests a distribution and the check gets delivered, but it is never...more
On January 14, 2025, the DOL issued Field Assistance Bulletin (FAB) 2025-01, providing sponsors and administrators of ongoing defined contribution plans with a new option for missing participant balances of $1,000 or less:...more
Many states have laws that provide “super liens” to facilities that tow, repair, and store vehicles. Georgia’s current abandoned motor vehicle statute is an example of how these statutes can put the secured party financing...more
House Takes Its Sixth Hit on Cannabis Banking Provisions - "The House passed provisions for the sixth time that would allow cannabis companies to access the banking system, but the latest action, as an amendment to the...more
Le 30 avril 2021, le projet de loi C-30, Loi no 1 d’exécution du budget de 2021 (le « projet de loi C-30 »), a été déposé en première lecture à la Chambre des communes. Le projet de loi C-30 édicte les nouvelles mesures...more
Bill C-30, Budget Implementation Act, 2021, No. 1 was introduced to the House of Commons for first reading on April 30, 2021. Bill C-30 will enact into legislation new policy measures outlined in the 2021 federal budget...more
Comme un peu partout ailleurs, le Canada possède lui aussi des lois visant la restitution de biens non réclamés à leurs propriétaires légitimes. Lorsque les efforts pour retrouver ces propriétaires échouent, ces lois...more
Like many jurisdictions, Canada has laws that aim to connect unclaimed property with their rightful owners, and where those efforts are unsuccessful, to deliver the property to a government authority. Given the broad reach of...more
Kilpatrick Townsend partner David Posner recently hosted a webinar addressing recent developments in the growing area of unclaimed property concepts and state requirements. Mr. Posner focuses his practice on bankruptcy and...more
On September 22, California Governor Jerry Brown signed AB 2258 into law, which revises California’s Unclaimed Property Law (UPL) to expressly recognize that certain electronic recurring transactions constitute...more
The recent reforms have not impacted the power and authority of the Office of the State Bank Commissioner to examine Delaware financial institutions for compliance with the escheat laws, but the shortened look-back period...more
The deadline for filing a 2014 Abandoned and Unclaimed Property Report with the Pennsylvania Treasury Department is April 15. Major changes were made to PA's Disposition of Abandoned and Unclaimed Property Act (the...more